By continuing to use this site you consent to the use of cookies on your device as described in our
Cookie Policy unless you have disabled them. You can change your Cookie Settings at any time but parts of our site will not function correctly without them.

"BSNL, MTNL and BBNL would be requested to extend the benefit of procurement quota to ITI for a period of three years," the Communications Ministry statement said.

According to the statement, the cabinet decided "to continue the Reservation Quota policy for ITI Ltd by reserving 30 per cent of the procurement orders placed by BSNL, MTNL and BBNL for ITI for the products manufactured by it".

It also approved reservation for those outsourced items in which there is a minimum 12 per cent value addition by ITI during 2018-19 and 16 per cent value addition in 2019-20 and 20 per cent value addition in 2020-21, the statement said.

"Provision of procurement quota from BSNL, MTNL and BBNL will provide further boost to-the order book of ITI and help in improving its financial health," it said.

The cabinet also approved reservation of 20 per cent of the orders for the turnkey projects like GSM network roll-out, WiFi and others of BSNL, MTNL and the BharatNet project of BBNL.

The validity of reservation benefit extended to ITI expired on May 31, 2018.

--IANS

rrb/prs

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)